Which of the Following Statements Regarding CVP Analysis Is $\bold{not}$ True?
A)cost Behaviour Can Be Classified as Fixed or Variable

question 48

Multiple Choice

Which of the following statements regarding CVP analysis is $\bold{not}$ true?

• A)cost behaviour can be classified as fixed or variable
• B)only fixed costs are assumed to behave in a linear manner across the relevant range
• C)unit price and cost data remain constant over the time period and the relevant range
• D)cost behaviour is linear

---

Definitions:

Income Inequality

The unequal distribution of income within a population, leading to economic disparities and social tensions.

Lorenz Curve

A graphical representation of income or wealth distribution of a population, showcasing the degree of inequality.

Upper Quintiles

Refers to the top 20% segment of a population when it is divided into five equal groups based on a particular variable, such as income level.

Income Curves

A graphical representation showing the distribution of income among individuals or households in a specified region or country.